84 usda baseline projections february 1999 agricultural trade growth in global will be slowed over the next 2 to 3 years by weakened demand key markets particularly asia and former soviet union fsu these regions import constrained reduced incomes impact of large currency devaluations on both consumer producer prices however continue supported relatively strong other developing country latin america north africa middle east us exports slow reflecting as well increased competition near term farm are likely face stemming from productivity gains exporters argentina transition economies where currencies have been sharply devalued longer prospects for remain bright asian assumed recover rates a 4 year period long is expected higher than during 1980s this generally favorable economic outlook countries
